Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$207,067$207,067$459,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$251,933$0
Funding fee$1,035$1,035$0
Note rate3.460%3.460%7.400%
Blended rate3.460%5.815%7.640%
1st payment$1,189.79$1,189.79$3,178.02
2nd payment$0.00$1,627.07$0.00
Taxes / mo$224.08$224.08$224.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$95.00$95.00$95.00
Total monthly$1,675.54$3,302.61$3,755.57
Cash to close$302,933$51,000$51,000